The financial technology company Netcapital, listed on the Nasdaq Stock Exchange, has acquired the crypto-native protocol Mixie, a deal described as a bridge between traditional finance and decentralized finance.
Mixie is a no-code Web3 gaming platform, acquired by Zelgor, a portfolio company of Netcapital, for an undisclosed amount, the company revealed to Cointelegraph on Monday.
A spokesperson stated that this is the first time a publicly listed company has specifically acquired a crypto-native protocol to expand the blockchain industry.
Netcapital, headquartered in Boston, Massachusetts, operates a digital capital market platform that helps private companies raise funds while providing investors with private equity opportunities. Its funding platform, Netcapital Funding Portal, is registered with the U.S. Securities and Exchange Commission (SEC).
The company trades under the code NCPL and was listed in September 2017. According to Yahoo Finance, the stock is considered a nano-cap company, with a total market value of approximately $6.8 million.
Netcapital expressed particular optimism about Mixie's tokenization infrastructure and its accelerator model supporting early founders. The company stated that this acquisition will enhance the "synergy between Mixie's tokenization capabilities and Netcapital's browser-based secure products."
2025 seems to be a busy year for cryptocurrency mergers and acquisitions, marking a broader wave of consolidation in the industry's maturation process.
According to Architect Partners, M&A transactions reached another historical high in the first quarter, highlighted by the acquisition of NinjaTraders by the crypto exchange Kraken for $1.5 billion.
The research firm reported that there were six transactions in the first quarter valued at $100 million or more.
M&A activity increased in the second quarter, with Coinbase spending $2.9 billion to acquire the crypto derivatives exchange Deribit, and Ripple acquiring the major broker Hidden Road for $1.5 billion.
The wave of mergers and acquisitions is expected to continue this year, driven by more favorable regulatory conditions in the U.S. and potentially declining financing costs.
EARN’M CEO Dan Novaes told Cointelegraph that consolidation may persist as the industry remains overly crowded and over-tokenized.
Related: Major tech companies consider adopting stablecoins, GENIUS bill debate continues
Original: “Financial Technology Company Netcapital Acquires Crypto-Native Protocol Mixie”
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